Company News
Internet startups losses rise 27% in FY17edit
Profitability remains elusive for consumer internet startups in India, with little evidence that months of cost-cutting amid a funding slowdown has borne fruit.
Publication: Ht Edge (Clip Attached)
Date: February 8, 2018
Despite cutting costs, consumer internet start-ups struggle to turn profitableedit
To be sure, there are clear signs of improvement at some companies. For instance, at five large start-ups—Zomato, BigBasket, Swiggy, Oyo and Lenskart—revenues rose at a faster rate than losses. Others such as furniture retailers Pepperfry and UrbanLadder reported that losses narrowed.
Publication: Business Fortnight
Date: February 7, 2018